Natural Gas Power Plant Costs Surge 66% Due to Increased Data Center Demand
A report from BloombergNEF indicates that the cost to build natural gas power plants has surged 66% over the past two years, driven by rising demand from data centers operated by companies like Microsoft and Meta. The increased demand is pushing utilities to invest in natural gas, leading to longer construction times and public backlash against data centers.
Topics: data centers energy costs infrastructure development natural gas tech companies